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Ronan Dunne named Verizon Wireless president
2016-08-02 02:00:00| Total Telecom industry news
Outgoing O2 UK chief to take on new job at U.S. operator in September.
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Verizon to buy Fleetmatics for USD 2.4 billion
2016-08-01 15:37:00| Telecompaper Headlines
(Telecompaper) Verizon is continuing its acquisition spree in new growth areas with a deal to buy Fleetmatics for USD 2.4 billion. The operator is offering USD 60 per share cash for the provider fleet and mobile workforce management services, equal to a premium of nearly 40 percent on the closing share price the day before the takeover was announced. Flletmatics offers a range of SaaS products aimed at SMEs in North America and has been expanding its presence internationally. It counts over 37,000 customers with a combined total of some 737,000 subscribers.
Verizon agrees $2.4bn deal for Fleetmatics
2016-08-01 02:00:00| Total Telecom industry news
U.S. telco buys another fleet management firm just days after completing Telogis acquisition.
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Verizon strike hits earnings figures
2016-07-26 17:22:25| BBC News | Business | UK Edition
Verizon Communication reports a drop in its second-quarter earnings, one day after announcing plans to buy struggling internet giant Yahoo.
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Verizon profit falls sharply after strike, mobile slowdown
2016-07-26 14:40:00| Telecompaper Headlines
(Telecompaper) Verizon reported a drop in second-quarter sales and profits, hurt by a seven-week strike during the period and the slowdown in growth at its mobile activities. Operating revenues of USD 30.5 billion were down 5.3 percent from a year earlier, or 3.5 percent lower after adjusting for the acquisition of AOL and sale of some local landline businesses. Operating profit tumbled 41.8 percent to USD 4.6 billion, after a sharp rise in SG&A costs. Net profit was down 80.9 percent to USD 831 million, after a gain from selling the landline activities, pension charge adjustments and costs for retiring around USD 10 billion in debt during the period. On an adjusted basis, earnings fell to USD 0.94 per share from USD 1.04, with an estimated impact of 7 cents a share from the strike.
Tags: mobile
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strike
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